Make Kitco Your Homepage

Bitcoin Aug. 19 chart alert - Bears seize near-term advantage

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Bitcoin-U.S. dollar prices are a solidly down and hit a three-week low in early U.S. trading Friday. Bears have gained the near-term technical advantage as a two-month-old price uptrend on the daily bar chart has been negated. Now, the path of least resistance for Bitcoin prices is sideways-to-lower in the near term. Stay tuned!



Canadian crypto exchanges begin to enforce annual 'net buy limits' on the majority of cryptocurrencies

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.